What does "Turnaround Time" refer to in logistics?

"Turnaround Time" in logistics specifically refers to the duration taken to complete a specific logistics process. This term is critical in understanding the efficiency of logistics operations, as it encompasses everything from loading and unloading to processing and delivering goods. Reducing turnaround time is essential for improving overall supply chain performance and meeting customer expectations, as it directly impacts the speed at which goods move through the logistics system.

This concept is distinct from the total time for a product to reach the consumer, which involves not only the logistics process but also additional factors such as order processing, inventory management, and transit times. Similarly, while waiting time for logistics equipment is relevant to operational efficiency, it is only a subset of what turnaround time encompasses. Furthermore, the period before logistics evaluations are finalized is focused on assessment rather than the operational flow of goods, making it unrelated to the definition of turnaround time. Understanding turnaround time allows logistics professionals to identify bottlenecks and streamline operations for better service delivery.